LED display market potential is enough, pressure is not small, where will the future go?

According to the LEDinside study, the global LED display market in 2018 was $5 billion 841 million. With the increase of market demand in the leasing market, retail department stores, conference rooms, cinemas and HDR applications, the annual compound growth rate of 2018~2022 is estimated to be 12%. The biggest driving force for the growth of the market.

From the market launch of the first LED small spacing display products, it has gone through six or seven years of high-speed growth of "green years". The to B market has gradually entered a mature stage of development, accompanied by technological upgrading and price decline, market acceptance has further improved.

According to LEDinside research, the market size of indoor small spacing (or less than P2.5) in 2018 is 1 billion 997 million US dollars. The annual growth of up to 39% is mainly due to the continuous fermentation of future ultra small spacing trend. It is estimated that its 2018~2022 CAGR will reach 28%. In addition, with the growing maturity of small spacing display technology, outdoor display also has a trend towards small spacing (P3.0~P4.0). In 2018, the outdoor small spacing market size is about 155 million US dollars, and it is estimated that the 2018~2022 CAGR will reach 35% in the year.

According to the dot spacing displayed by the LED small spacing, the distance between the largest LED revenue margin in 2018 has reached P1.2~P1.6, accounting for about 39%. With the introduction of small spacing display leading manufacturers such as Lyad, Zhou Ming, Lian Jian, etc., the products of smaller spacing (P0.7~P0.9) have been launched, and consumers' demand for display effect has been gradually increased. Gradually, with the further decline of costs, the P1.2~P1.6 and P1.1 with the following products will have the most growth momentum in the next few years. The estimated CAGR in 2018~2022 will reach 32% and 62% respectively.

At present, the largest commercial market of LED small spacing display comes from cultural and entertainment venues such as enterprises and education, high-end retail, hotels, theaters and so on. LED shows that the penetration rate in these applications is not high, and there will be more potential for growth in the future to replace traditional LCD, DLP and projection display.

However, judging from the overall market of the display, this year is also a year of surging clouds. For the LED display, while high growth, the crisis can not be underestimated. Before there are large areas of traditional LCD, DLP, projectors and so on, after Mini and Micro LED show up, what will the future LED show? What other market segments are worth exploring?

In October 18th, LEDinside will hold a seminar on new display industries, and senior experts from manufacturers such as Riad will share their views, and welcome friends from LED display to discuss and communicate.

2018 LED shows a big gathering of industry. Industry experts and analysts join you in the industry. The first time to grasp the direction of the industry and help inspire business inspiration is the new exhibition industry symposium sponsored by LEDinside.

Scanning the two-dimensional code in the picture for free registration.